Scandinavia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Scandinavia

The Scandinavia orange juice (single strength) market surged to $X in 2021, growing by 15% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Orange Juice (Single Strength) in Scandinavia

In value terms, orange juice (single strength) production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 8.6% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports in Scandinavia

In 2021, overseas shipments of orange juice (single strength) increased by 14% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a mild downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports skyrocketed to $X in 2021. In general, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) was the key exporter of orange juice (single strength), mixing up 86% of total exports. It was distantly followed by Sweden (X tons), making up an 11% share of total exports. Finland (X tons) followed a long way behind the leaders.

Exports from Denmark decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Sweden (+2.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.8% from 2012-2021. By contrast, Finland (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +3.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest orange juice (single strength) supplier in Scandinavia, comprising 91% of total exports. The second position in the ranking was held by Sweden ($X), with a 6.4% share of total exports.

In Denmark, orange juice (single strength) exports declined by an average annual rate of -2.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-7.8% per year) and Finland (-8.9% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 2.3% against the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 19% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Orange Juice (Single Strength)

Imports in Scandinavia

In 2021, imports of orange juice (single strength) in Scandinavia expanded notably to X tons, with an increase of 11% compared with 2020. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, orange juice (single strength) imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden represented the major importing country with an import of about X tons, which accounted for 42% of total imports. Norway (X tons) took the second position in the ranking, followed by Denmark (X tons) and Finland (X tons). All these countries together took approx. 56% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to orange juice (single strength) imports into Sweden stood at -1.3%. At the same time, Finland (+3.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.8% from 2012-2021. Denmark and Norway experienced a relatively flat trend pattern. From 2012 to 2021, the share of Finland increased by +4.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported orange juice (single strength) in Scandinavia, comprising 45% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports. It was followed by Denmark, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-2.0% per year) and Denmark (+1.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 8.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 12%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Norway ($X per ton), while Finland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform